A stock can give you +40%......and take back +25% just because you had no exit strategy.
Buying gets you into a trade.
Selling determines how much money you actually keep.
Many beginner stock traders and investors are buying stocks because of recommendations, hype, or because the price is moving up.
But smart investors will first understand the company behind the stock.
THREAD: 5 RSI mistakes that quietly cost stock traders money
1/9
RSI (Relative Strength Index) is one of the world's most popular indicators…
But it's also one of the most misunderstood.
Here are 5 mistakes I see traders make repeatedly👇
#TechnicalAnalysis
8/9
If you're serious about improving your chart-reading skills, practice is everything.
That's exactly why I created my Beginner Trading Practice Workbook—to help traders apply concepts like RSI using real charts.
https://t.co/QwMN7yMTm9
Tried every strategy you can think of:
• ICT
• SMC
• CRT
• S&D
• Fibonacci
• Chart Patterns
• Candlestick Patterns
• Order Flow
• VWAP
• Trendlines
• Footprints
All I can say after 8 years of this is:
Nothing works better than S&R.
NOTHING.
ZERO debate here.
Most traders don't lose money because they didn't buy good stocks.
They lose money because they don't know when to sell.
Buying is exciting.
Selling requires DISCIPLINE.
That's why I always remind traders:
A profit isn't yours until you lock in at least part of it.
I am building a portfolio such that if the stock market collapsed to zero tomorrow, I would still be standing. 🇳🇬
NGX stocks for long-term ownership and dividend income.
Treasury bills for guaranteed short-term returns.
Money market funds for liquidity and daily interest.
Dollar investments for naira devaluation protection.
Real estate exposure through REITs.
US stocks for global diversification.
No single asset class owns me. No single market crash destroys me.
One common question I receive from traders and investors is:
"How do I know when it's the right time to buy a stock?"
The truth is, buying is only half the battle.
Many investors on the NGX lose a large portion of their profits because they don't know when to take profit or
@bogunjejoshua To be successful at trading, you need a lot of practice. Learn, practice and improve your trading skills with this beginner trading practice workbook. It helped me. It can help you too. https://t.co/QwMN7yMTm9
Every profitable trader I know trades their own strategy
They take concepts from different people, then make it their own
Not sure why - but I’ve never seen a profitable trader who copied someone else’s exact strategy
Make of it as you will
Need help with your trading and investing? Trader coaching is available for you https://t.co/efPg0w8CVe and kids from 10+ years https://t.co/vyln7tbi7y
Grab a copy of my Beginner Trading Practice Workbook that help traders practice:
* Support & Resistance
* Trend Analysis
* Risk Management
* Trade Planning
https://t.co/QwMN7yMTm9